I'm auctioning off 371 shares.
https://bitcointalksearch.org/topic/371-asicminer-shares-10-btc-minimum-bid-24-hour-179065
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1179. (Read 3917543 times)
Sorry, but no. You'll have to dig a little deeper than that.
Well then show me friedcat's posts predating March 12 mentioning plans to expand beyond 50 Thash/s (or beyond 12+50 Thash/s) or plans to sell hw -> There are none.
From friedcat's post from August 9, 2012:
Quote
If our chips are successfully produced, all the following businesses will
contribute to the shareholders' return:
Self-Mining with First Batch of Chips At least 12TH/s in
total, that is equivalent to 30MH/s per share, or 300MH/s per BTC.
Hashrate/Chip/Board Selling Net profits are
conservatively calculated as $5 per GH/s. That roughly equals to 0.5BTC per
GH/s with the current BTC/USD exchange rate. It means that each time we sell
1TH/s of hashing power in various forms, the net profit per share will be
1.25mBTC, that is, 1.25% of the initial investment.
Self-Mining after Mass Production Unlimited hashrate in
theory because of the low margin cost. But in reality we have to consider the
cost of management (labor) and place (rent). We believe an expansion to 50TH/s
is not hard to achieve. That pushes the hashrate per share to 155MH/s, or
1.55G/s per BTC.
Next-Generation Products The plan will be discussed among
board members and approved by shareholders, because it would require keeping
some of the revenues instead of paying them all as dividends. The return of
this stage is difficult to estimate, since in the Bitcoin world everything may
happen and happens even quicklier than imagination. But we personally believe
that much more potential profits wait there.
contribute to the shareholders' return:
Self-Mining with First Batch of Chips At least 12TH/s in
total, that is equivalent to 30MH/s per share, or 300MH/s per BTC.
Hashrate/Chip/Board Selling Net profits are
conservatively calculated as $5 per GH/s. That roughly equals to 0.5BTC per
GH/s with the current BTC/USD exchange rate. It means that each time we sell
1TH/s of hashing power in various forms, the net profit per share will be
1.25mBTC, that is, 1.25% of the initial investment.
Self-Mining after Mass Production Unlimited hashrate in
theory because of the low margin cost. But in reality we have to consider the
cost of management (labor) and place (rent). We believe an expansion to 50TH/s
is not hard to achieve. That pushes the hashrate per share to 155MH/s, or
1.55G/s per BTC.
Next-Generation Products The plan will be discussed among
board members and approved by shareholders, because it would require keeping
some of the revenues instead of paying them all as dividends. The return of
this stage is difficult to estimate, since in the Bitcoin world everything may
happen and happens even quicklier than imagination. But we personally believe
that much more potential profits wait there.
This shows friedcat was undecided between selling hashrate contracts, or hardware. As I said, there were no definitive plans to sell hw. Even though it was always a possibility "up in the air".
237, I am not a "non-shareholder trying to FUD the price down". (First of all what makes you think I don't own undervalued IPO shares?
) I am sharing my honest opinion. Yes, ASICMINER may turn out to be the Microsoft of Bitcoin mining in which case 1 BTC / share may be undervalued. But my point is, so far, there is not enough data to support this future success. Possible yes. Very likely no. Again I am speaking as a very, very conservative investor. Sometimes these conservative positions can lead to miss insane investment opportunities, and that is fine.I don't see your name in my post nor a quote of your posts. Do you?
If you don't try to FUD the price down, and have shares, i don't get
why you feel that i meant you.
I didn't even read your posts until now.
Sorry, but no. You'll have to dig a little deeper than that.
Well then show me friedcat's posts predating March 12 mentioning plans to expand beyond 50 Thash/s (or beyond 12+50 Thash/s) or plans to sell hw -> There are none.
From friedcat's post from August 9, 2012:
Quote
If our chips are successfully produced, all the following businesses will
contribute to the shareholders' return:
Self-Mining with First Batch of Chips At least 12TH/s in
total, that is equivalent to 30MH/s per share, or 300MH/s per BTC.
Hashrate/Chip/Board Selling Net profits are
conservatively calculated as $5 per GH/s. That roughly equals to 0.5BTC per
GH/s with the current BTC/USD exchange rate. It means that each time we sell
1TH/s of hashing power in various forms, the net profit per share will be
1.25mBTC, that is, 1.25% of the initial investment.
Self-Mining after Mass Production Unlimited hashrate in
theory because of the low margin cost. But in reality we have to consider the
cost of management (labor) and place (rent). We believe an expansion to 50TH/s
is not hard to achieve. That pushes the hashrate per share to 155MH/s, or
1.55G/s per BTC.
Next-Generation Products The plan will be discussed among
board members and approved by shareholders, because it would require keeping
some of the revenues instead of paying them all as dividends. The return of
this stage is difficult to estimate, since in the Bitcoin world everything may
happen and happens even quicklier than imagination. But we personally believe
that much more potential profits wait there.
contribute to the shareholders' return:
Self-Mining with First Batch of Chips At least 12TH/s in
total, that is equivalent to 30MH/s per share, or 300MH/s per BTC.
Hashrate/Chip/Board Selling Net profits are
conservatively calculated as $5 per GH/s. That roughly equals to 0.5BTC per
GH/s with the current BTC/USD exchange rate. It means that each time we sell
1TH/s of hashing power in various forms, the net profit per share will be
1.25mBTC, that is, 1.25% of the initial investment.
Self-Mining after Mass Production Unlimited hashrate in
theory because of the low margin cost. But in reality we have to consider the
cost of management (labor) and place (rent). We believe an expansion to 50TH/s
is not hard to achieve. That pushes the hashrate per share to 155MH/s, or
1.55G/s per BTC.
Next-Generation Products The plan will be discussed among
board members and approved by shareholders, because it would require keeping
some of the revenues instead of paying them all as dividends. The return of
this stage is difficult to estimate, since in the Bitcoin world everything may
happen and happens even quicklier than imagination. But we personally believe
that much more potential profits wait there.
This shows friedcat was undecided between selling hashrate contracts, or hardware. As I said, there were no definitive plans to sell hw. Though it was always a possibility "up in the air".
So what does it matter if there were plans or not? If there were, the plan is being followed. If not, the plan changed. So what?!
Atm the best solution seems to be selling part of the batches.
Sorry, but no. You'll have to dig a little deeper than that.
Well then show me friedcat's posts predating March 12 mentioning plans to expand beyond 50 Thash/s (or beyond 12+50 Thash/s) or plans to sell hw -> There are none.
From friedcat's post from August 9, 2012:
Quote
If our chips are successfully produced, all the following businesses will
contribute to the shareholders' return:
Self-Mining with First Batch of Chips At least 12TH/s in
total, that is equivalent to 30MH/s per share, or 300MH/s per BTC.
Hashrate/Chip/Board Selling Net profits are
conservatively calculated as $5 per GH/s. That roughly equals to 0.5BTC per
GH/s with the current BTC/USD exchange rate. It means that each time we sell
1TH/s of hashing power in various forms, the net profit per share will be
1.25mBTC, that is, 1.25% of the initial investment.
Self-Mining after Mass Production Unlimited hashrate in
theory because of the low margin cost. But in reality we have to consider the
cost of management (labor) and place (rent). We believe an expansion to 50TH/s
is not hard to achieve. That pushes the hashrate per share to 155MH/s, or
1.55G/s per BTC.
Next-Generation Products The plan will be discussed among
board members and approved by shareholders, because it would require keeping
some of the revenues instead of paying them all as dividends. The return of
this stage is difficult to estimate, since in the Bitcoin world everything may
happen and happens even quicklier than imagination. But we personally believe
that much more potential profits wait there.
contribute to the shareholders' return:
Self-Mining with First Batch of Chips At least 12TH/s in
total, that is equivalent to 30MH/s per share, or 300MH/s per BTC.
Hashrate/Chip/Board Selling Net profits are
conservatively calculated as $5 per GH/s. That roughly equals to 0.5BTC per
GH/s with the current BTC/USD exchange rate. It means that each time we sell
1TH/s of hashing power in various forms, the net profit per share will be
1.25mBTC, that is, 1.25% of the initial investment.
Self-Mining after Mass Production Unlimited hashrate in
theory because of the low margin cost. But in reality we have to consider the
cost of management (labor) and place (rent). We believe an expansion to 50TH/s
is not hard to achieve. That pushes the hashrate per share to 155MH/s, or
1.55G/s per BTC.
Next-Generation Products The plan will be discussed among
board members and approved by shareholders, because it would require keeping
some of the revenues instead of paying them all as dividends. The return of
this stage is difficult to estimate, since in the Bitcoin world everything may
happen and happens even quicklier than imagination. But we personally believe
that much more potential profits wait there.
This shows friedcat was undecided between selling hashrate contracts, or hardware. As I said, there were no definitive plans to sell hw. Though it was always a possibility "up in the air".
Whatever you say bud. All the guys that have been here since the beginning know what the deal is, and the above post definitely is not the only data point. Looks like the market agrees.
Sorry, but no. You'll have to dig a little deeper than that.
Well then show me friedcat's posts predating March 12 mentioning plans to expand beyond 50 Thash/s (or beyond 12+50 Thash/s) or plans to sell hw -> There are none.
From friedcat's post from August 9, 2012:
Quote
If our chips are successfully produced, all the following businesses will
contribute to the shareholders' return:
Self-Mining with First Batch of Chips At least 12TH/s in
total, that is equivalent to 30MH/s per share, or 300MH/s per BTC.
Hashrate/Chip/Board Selling Net profits are
conservatively calculated as $5 per GH/s. That roughly equals to 0.5BTC per
GH/s with the current BTC/USD exchange rate. It means that each time we sell
1TH/s of hashing power in various forms, the net profit per share will be
1.25mBTC, that is, 1.25% of the initial investment.
Self-Mining after Mass Production Unlimited hashrate in
theory because of the low margin cost. But in reality we have to consider the
cost of management (labor) and place (rent). We believe an expansion to 50TH/s
is not hard to achieve. That pushes the hashrate per share to 155MH/s, or
1.55G/s per BTC.
Next-Generation Products The plan will be discussed among
board members and approved by shareholders, because it would require keeping
some of the revenues instead of paying them all as dividends. The return of
this stage is difficult to estimate, since in the Bitcoin world everything may
happen and happens even quicklier than imagination. But we personally believe
that much more potential profits wait there.
contribute to the shareholders' return:
Self-Mining with First Batch of Chips At least 12TH/s in
total, that is equivalent to 30MH/s per share, or 300MH/s per BTC.
Hashrate/Chip/Board Selling Net profits are
conservatively calculated as $5 per GH/s. That roughly equals to 0.5BTC per
GH/s with the current BTC/USD exchange rate. It means that each time we sell
1TH/s of hashing power in various forms, the net profit per share will be
1.25mBTC, that is, 1.25% of the initial investment.
Self-Mining after Mass Production Unlimited hashrate in
theory because of the low margin cost. But in reality we have to consider the
cost of management (labor) and place (rent). We believe an expansion to 50TH/s
is not hard to achieve. That pushes the hashrate per share to 155MH/s, or
1.55G/s per BTC.
Next-Generation Products The plan will be discussed among
board members and approved by shareholders, because it would require keeping
some of the revenues instead of paying them all as dividends. The return of
this stage is difficult to estimate, since in the Bitcoin world everything may
happen and happens even quicklier than imagination. But we personally believe
that much more potential profits wait there.
This shows friedcat was undecided between selling hashrate contracts, or hardware. As I said, there were no definitive plans to sell hw. Even though it was always a possibility "up in the air".
237, I am not a "non-shareholder trying to FUD the price down". (First of all what makes you think I don't own undervalued IPO shares?
) I am sharing my honest opinion. Yes, ASICMINER may turn out to be the Microsoft of Bitcoin mining in which case 1 BTC / share may be undervalued. But my point is, so far, there is not enough data to support this future success. Possible yes. Very likely no. Again I am speaking as a very, very conservative investor. Sometimes these conservative positions can lead to miss insane investment opportunities, and that is fine.
I like how people without AM shares try to FUD the price down.
I am glad, that i have my shares and i won't even sell them for 3BTC/share.
Why? Simple: i can see past the next 4 weeks and look at what those shares will give
me in dividends in the next 10 or so years. When you extend calculations to that
timeframe and take into account the value of the knowhow and perhaps patents
AM is accumulating, you come up with share prices of 5BTC pretty quickly.
I can understand, that it is too much to grasp for people without experience in
longterm investments.
I am glad, that i have my shares and i won't even sell them for 3BTC/share.
Why? Simple: i can see past the next 4 weeks and look at what those shares will give
me in dividends in the next 10 or so years. When you extend calculations to that
timeframe and take into account the value of the knowhow and perhaps patents
AM is accumulating, you come up with share prices of 5BTC pretty quickly.
I can understand, that it is too much to grasp for people without experience in
longterm investments.
Sorry, but no. You'll have to dig a little deeper than that.
Well then show me friedcat's posts predating March 12 mentioning plans to expand beyond 50 Thash/s (or beyond 12+50 Thash/s) or plans to sell hw -> There are none.
From friedcat's post from August 9, 2012:
Quote
If our chips are successfully produced, all the following businesses will
contribute to the shareholders' return:
Self-Mining with First Batch of Chips At least 12TH/s in
total, that is equivalent to 30MH/s per share, or 300MH/s per BTC.
Hashrate/Chip/Board Selling Net profits are
conservatively calculated as $5 per GH/s. That roughly equals to 0.5BTC per
GH/s with the current BTC/USD exchange rate. It means that each time we sell
1TH/s of hashing power in various forms, the net profit per share will be
1.25mBTC, that is, 1.25% of the initial investment.
Self-Mining after Mass Production Unlimited hashrate in
theory because of the low margin cost. But in reality we have to consider the
cost of management (labor) and place (rent). We believe an expansion to 50TH/s
is not hard to achieve. That pushes the hashrate per share to 155MH/s, or
1.55G/s per BTC.
Next-Generation Products The plan will be discussed among
board members and approved by shareholders, because it would require keeping
some of the revenues instead of paying them all as dividends. The return of
this stage is difficult to estimate, since in the Bitcoin world everything may
happen and happens even quicklier than imagination. But we personally believe
that much more potential profits wait there.
contribute to the shareholders' return:
Self-Mining with First Batch of Chips At least 12TH/s in
total, that is equivalent to 30MH/s per share, or 300MH/s per BTC.
Hashrate/Chip/Board Selling Net profits are
conservatively calculated as $5 per GH/s. That roughly equals to 0.5BTC per
GH/s with the current BTC/USD exchange rate. It means that each time we sell
1TH/s of hashing power in various forms, the net profit per share will be
1.25mBTC, that is, 1.25% of the initial investment.
Self-Mining after Mass Production Unlimited hashrate in
theory because of the low margin cost. But in reality we have to consider the
cost of management (labor) and place (rent). We believe an expansion to 50TH/s
is not hard to achieve. That pushes the hashrate per share to 155MH/s, or
1.55G/s per BTC.
Next-Generation Products The plan will be discussed among
board members and approved by shareholders, because it would require keeping
some of the revenues instead of paying them all as dividends. The return of
this stage is difficult to estimate, since in the Bitcoin world everything may
happen and happens even quicklier than imagination. But we personally believe
that much more potential profits wait there.
thanks bitfair.. i was beginning to feel "mis-informed"
(not really)
Net profits are conservatively calculated as $5 per GH/s.
Well, it looks like $500 right now
Well, it looks like $500 right now
Sorry, but no. You'll have to dig a little deeper than that.
Well then show me friedcat's posts predating March 12 mentioning plans to expand beyond 50 Thash/s (or beyond 12+50 Thash/s) or plans to sell hw -> There are none.
From friedcat's post from August 9, 2012:
Quote
If our chips are successfully produced, all the following businesses will
contribute to the shareholders' return:
Self-Mining with First Batch of Chips At least 12TH/s in
total, that is equivalent to 30MH/s per share, or 300MH/s per BTC.
Hashrate/Chip/Board Selling Net profits are
conservatively calculated as $5 per GH/s. That roughly equals to 0.5BTC per
GH/s with the current BTC/USD exchange rate. It means that each time we sell
1TH/s of hashing power in various forms, the net profit per share will be
1.25mBTC, that is, 1.25% of the initial investment.
Self-Mining after Mass Production Unlimited hashrate in
theory because of the low margin cost. But in reality we have to consider the
cost of management (labor) and place (rent). We believe an expansion to 50TH/s
is not hard to achieve. That pushes the hashrate per share to 155MH/s, or
1.55G/s per BTC.
Next-Generation Products The plan will be discussed among
board members and approved by shareholders, because it would require keeping
some of the revenues instead of paying them all as dividends. The return of
this stage is difficult to estimate, since in the Bitcoin world everything may
happen and happens even quicklier than imagination. But we personally believe
that much more potential profits wait there.
contribute to the shareholders' return:
Self-Mining with First Batch of Chips At least 12TH/s in
total, that is equivalent to 30MH/s per share, or 300MH/s per BTC.
Hashrate/Chip/Board Selling Net profits are
conservatively calculated as $5 per GH/s. That roughly equals to 0.5BTC per
GH/s with the current BTC/USD exchange rate. It means that each time we sell
1TH/s of hashing power in various forms, the net profit per share will be
1.25mBTC, that is, 1.25% of the initial investment.
Self-Mining after Mass Production Unlimited hashrate in
theory because of the low margin cost. But in reality we have to consider the
cost of management (labor) and place (rent). We believe an expansion to 50TH/s
is not hard to achieve. That pushes the hashrate per share to 155MH/s, or
1.55G/s per BTC.
Next-Generation Products The plan will be discussed among
board members and approved by shareholders, because it would require keeping
some of the revenues instead of paying them all as dividends. The return of
this stage is difficult to estimate, since in the Bitcoin world everything may
happen and happens even quicklier than imagination. But we personally believe
that much more potential profits wait there.
Okay you guys are right, now is the time to buy. ttyl
No actual plan. But selling was planned before IPO.
No "plan", but "planned"? Your sentence is self-contradictory.
Sorry, but no. You'll have to dig a little deeper than that.
Well then show me friedcat's posts predating March 12 mentioning plans to expand beyond 50 Thash/s (or beyond 12+50 Thash/s) or plans to sell hw -> There are none.
I'm not going digging for posts, but you should be looking about 8+ months ago. Also, if you think the 50, or even the 200TH expansion for that matter, and selling a few boards is all that is in store for asicminer.. well.. you need to do some DD. Let's not even talk about next gen as you're a little behind already..
Here I dug one post up for you: https://bitcointalksearch.org/topic/m.1529563
As of Feb 15, friedcat had no plan to sell devices. He was merely "considering it", but had no plan.
I think you are the one who is behind or, at best, misinformed
He is referring to that particular batch, not a company mandate to sell. The plan has always been to mine first, sell second, since day one.
Sorry, but no. You'll have to dig a little deeper than that.
Well then show me friedcat's posts predating March 12 mentioning plans to expand beyond 50 Thash/s (or beyond 12+50 Thash/s) or plans to sell hw -> There are none.
I'm not going digging for posts, but you should be looking about 8+ months ago. Also, if you think the 50, or even the 200TH expansion for that matter, and selling a few boards is all that is in store for asicminer.. well.. you need to do some DD. Let's not even talk about next gen as you're a little behind already..
Sigh. You are not digging because you have no data to support you.
Here I dug one post up for you: https://bitcointalksearch.org/topic/m.1529563
As of Feb 15, friedcat had no plan to sell devices. He was merely "considering it", but had no plan.
I think you are the one who is behind or, at best, misinformed
Sorry, but no. You'll have to dig a little deeper than that.
Well then show me friedcat's posts predating March 12 mentioning plans to expand beyond 50 Thash/s (or beyond 12+50 Thash/s) or plans to sell hw -> There are none.
I'm not going digging for posts, but you should be looking about 8+ months ago. Also, if you think the 50, or even the 200TH expansion for that matter, and selling a few boards is all that is in store for asicminer.. well.. you need to do some DD. Let's not even talk about next gen as you're a little behind already..
Well, I've been wrong the other day when I said 0.85 shares were high so I'd probably be if I say 1.6 are high. I'm sure they'll rise more now as it's obvious asicminer has lot of enthusiastic shareholders that pump it's value very religiously but it's still way too expensive just as 10GH hashing power for 60BTC (at the moment, who knows where it will finish) is way too much.
I'm kinda jealous of you early holders, I know, but no chance I'd buy it even if I know they'll rise. It's just not something that has any kind of natural support to rise so much, it's bubbled as hell and no way both shares as well as company products should cost so much.
I'm kinda jealous of you early holders, I know, but no chance I'd buy it even if I know they'll rise. It's just not something that has any kind of natural support to rise so much, it's bubbled as hell and no way both shares as well as company products should cost so much.
friedcat had "no plan to sell" and "no plan to expand" ? I think you need to check your info
I am correct. As of March 12 (the time I referred to when I said "back then"), friedcat only planned to expand to 50 Thash/s and did not plan to sell hardware. That is what he communicated to shareholders.
These 2 plans emerged later, in late March or early April.
Selling was always planned. But it wasnt on top because self mining is more profitable. Selling now only happens because the deployment stopped. And the selling will move on probably because the deployment can only go beyond 50% of the networks hashinpower. It could only be done simulaneously then. Deploying to remain at <50% and selling to take the profits of BFL and Avalon away... overcoming so the 50% wall and to extend the profits above this...
Sorry, but no. You'll have to dig a little deeper than that.
Well then show me friedcat's posts predating March 12 mentioning plans to expand beyond 50 Thash/s (or beyond 12+50 Thash/s) or plans to sell hw -> There are none.
Dividends thus far:
Div Pay Dates Div/Share
02/29 (IPO) 0.023545
03/06 (IPO) 0.019163
03/13 (IPO) 0.023786
03/20 (IPO) 0.025998
03/24 (IPO) 0.007508
03/27 0.003775
04/03 0.002556
04/10 0.006956
And Today:
04/17 0.00696732
Div Pay Dates Div/Share
02/29 (IPO) 0.023545
03/06 (IPO) 0.019163
03/13 (IPO) 0.023786
03/20 (IPO) 0.025998
03/24 (IPO) 0.007508
03/27 0.003775
04/03 0.002556
04/10 0.006956
And Today:
04/17 0.00696732
So what exactly is making AM shares worth 1.6+btc?
Did you see the auction thread? They are set to have a 600 btc revenue come in from selling 100 ghash of mining power (10 units of 10 GHash at at least 60 btc each), auction will be done in the next couple days.
Do yourself, and everyone here a favor and actually run the math for likely divs. You'll see the price is nowhere near justified, unless you think BTC will hit like $300 soon....
Exactly my thoughts. There are so many things coming for ASICMINER.
friedcat had "no plan to sell" and "no plan to expand" ? I think you need to check your info
That is correct. As of March 12 (the time I referred to when I said "back then"), friedcat only planned to expand to 50 Thash/s and did not plan to sell hardware. That is what he communicated to shareholders.
These 2 plans emerged in late March or early April.
Sorry, but no. You'll have to dig a little deeper than that.
friedcat had "no plan to sell" and "no plan to expand" ? I think you need to check your info
I am correct. As of March 12 (the time I referred to when I said "back then"), friedcat only planned to expand to 50 Thash/s and did not plan to sell hardware. That is what he communicated to shareholders.
These 2 plans emerged later, in late March or early April.
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